Looking to balance out your exposure to UNM? The ETFs below have historically moved differently from UNM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for UNM
17 ETFs have low correlation with UNM (below 0.3), 2 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.03, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.03 | 0.06 | 0.18 | 88 | Semiconductors, Technology Equities | UNM vs SMH | |
| Franklin FTSE Taiwan ETF | -0.01 | 0.08 | 0.20 | 90 | Taiwan Equities, Asia Pacific Equities | UNM vs FLTW | |
| iMGP DBi Managed Futures Strategy ETF | 0.01 | 0.07 | 0.10 | 89 | Systematic Trend | UNM vs DBMF | |
| Invesco S&P 500 Momentum ETF | 0.04 | 0.18 | 0.34 | 51 | Momentum, S&P 500 | UNM vs SPMO | |
| United States Copper Index Fund | 0.04 | 0.08 | 0.14 | 67 | Copper, Metals | UNM vs CPER |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for UNM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is ASE Technology Holding Co., Ltd. (ASX) (Technology) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASE Technology Holding Co., Ltd. | -0.18 | 0.02 | 0.15 | 98 | Technology | |
| Nebius Group N.V. | -0.11 | -0.02 | -0.02 | 94 | Communication Services | |
| Celestica Inc. | -0.11 | 0.09 | 0.22 | 76 | Technology | |
| Argan, Inc. | -0.11 | 0.12 | 0.20 | 92 | Industrials | |
| NVIDIA Corporation | -0.10 | -0.00 | 0.12 | 61 | Technology |
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